#6552
San Mateo County

Absentee run Asian restaurant for sale in Downtown San Mateo

$350,000
Available

Absentee run Asian restaurant for sale in prime Downtown San Mateo. The place is inviting with attentive staffs. You will be seated and then there’s a QR code to order your food. The menu was all online via QR code. Their concept of made-to-order noodle soup is heavily influenced by the street vendors of Hong Kong. Average annual gross income is between $1,000,000 plus. Lease amount is approximately $12,000. Landlord will provide new lease to buyer. This is an asset sale. The name, menu, recipe and training not included

This is a Grand Realty Group listing.
Business brokering-Industrial-Retail-Leases Tommy Tran DRE License #01439113

Lease

Region:

San Mateo County

Lease Term:

landlord will provide new lease

Total Monthly Rent:

$12,000

Financials

Last Year's Annual Gross:

$1,000,000

Operations

# of Part-Time Employees:

Hours Open:

open everyday from 11-9pm

Year Established:

5 years

Hood System Type 1:

Yes

Facilities

Indoor Seating:

Highlights

can convert

Financing

Will SBA Finance:

Will Seller Lend To Buyer:

Demographics

Population	1-mi.	3-mi.	5-mi
2014 Total Population	34,844	144,370	240,889
Households	1-mi.	3-mi.	5-mi
2010 Number Of Households	12,795	54,392	91,509
2010 Persons Per Household	2.63	2.52	2.50
Median House Value	$570,500	$826,362	$835,294
Income Per Household	$69,832	$94,422	$99,772
Businesses	1-mi.	3-mi.	5-mi
2009 Number Of Businesses	1,051	5,215	7,955
2012 Number Of Employees	22,002	177,132	314,092
2012 Total Annual Payroll	$591,164,000	$4,294,967,295	$4,294,967,295

click for more demographic info

Disclaimer

This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the information. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Any renderings should be considered conceptual in nature and such renderings do not represent the current condition or what can or may be done to the property. Neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information at their own expense and bears all the risk for any inaccuracies.